Policy Session I—Structured finance
This session explores the creation of various forms of structured finance, addressing particularly its role in the recent financial crisis, the future of structured products, and a possible role for regulation.

Policy Session II—Markets for financial information
This session looks at the key players providing financial information used to determine purchases of securities and how each has contributed to the underlying issues of the recent financial crisis. The discussion will consider key issues in the markets for credit information such as the credit rating agencies, financial intermediaries' balance sheets, guarantees of monoline insurers, and suggested changes. It will also consider issues in the markets for information on equities such as stock analysts and asset management.

Policy Session III—Too big to fail: What should we do?
This discussion examines the risks of continuing current TBTF and too-interconnected-to-fail safety nets and various proposals for scaling them back, including increasing market discipline, achieving orderly resolution, and reducing spillovers from failure.

Policy Session IV—The role of macroprudential supervision
This session poses fundamental questions regarding the definition of macroprudential regulation and the scope and function of a macroprudential regulator. Is the objective of a macroprudential regulator to "pop bubbles" before they threaten the financial system, to supervise systemically important institutions, to assure that another crisis doesn't occur, or something else entirely?